colony

launch Pons V2 tokens backed by a colony of on-chain ants working as 24/7 market makers via buybacks

every .01 ETH in fees = 1 worker added the token's colony

[colony @colonyamm]

introducing https://t.co/b0sKCZV7hv, the first launchpad on robinhood chain where the token pays for its own market making.

0x3b558f2094d9476513a08a19daebfbaecc87203a

@ponsfamily built the curve and let a coin route its creator fee to any address at launch. that one field changes what a token can be.

we point the fees at a colony. every 0.01 eth (or approx. $25 as of now) of creator fees hatches an ant: a new onchain wallet funded with that eth, minus gas, that buys the coin and holds it and occasionally performs buybacks. the more a coin trades, the more ants it has. more ants = a bigger colony of 24/7 market makers.

00 → launch a token

01 → token gets volume, generating revenue from fees

02 → fees are sent to the token colony wallet

03 → colony wallet creates new wallets and allocates them with 0.01 ETH

04 → every wallet created becomes an ant. ants use their allocations to convert back to the token

05 → the ants hold & perform buy-backs, forever, or as long as gas coverage keeps the wallet alive.

[colony @colonyamm]

exciting new features are rolling out soon.

I will be starting a live space here shortly to go over the details.

here are the two big ones.

we are implementing a worker queen that can be accessible upon graduation. This queen allows a allocation for a creator wallet, and can be configured between 10-20%.

pre-migration pooling is logic gated, so post-graduation tokens will depict accurately.

[colony @colonyamm]

there's a version of this project where every token is a tiny company: it earns revenue, it spends it on its own survival, and its value is a function of how well it does that, not of who's posting about it.

we're not there. but the pieces are on chain now, $ANTS made sure to do that, and a coin whose fees buy its own holders is one of the first things on the checklist when it comes to integrated the logic of "self-governance" into the very tokenomics of a coin.

[colony @colonyamm]

a holder is just a wallet that hasn't sold. every mechanism in crypto is a way of making that wallet more likely to exist.

the crude version is a lockup. the better version is a wallet that has no reason to leave.

"diamond hands" was always a plea. it should have been a mechanism into the tokenomics themselves.

[colony @colonyamm]

launch a coin today and its first ant hatches the moment a token earns $25 in creator fees. no waiting on us, no application, no dm.

the worker doesn't know who you are and doesn't care. it's agenda belongs to the same coin that gave it a purpose.

and the worker has only one purpose: market-make the coin that hatched it.

its a more "dramatic" way to look at the protocol, but its also a very interesting concept that personally, I dont believe is explored enough in topics outside of AI.

@colonyamm and it's growing workforce of $ANTS presents this approach in a way where self-governance is into the very token itself.

[colony @colonyamm]

correct. we could have let the ant die. but given that ants are linked to the colony, and the colony to a token, the colony will oversee that ants are dynamically distributed ETH to ensure that slippage and gas is accounted for.

I am personally looking into seeing if ants can interact with each other and share allocations to a fellow ant in need.

the math surrounding that gets pretty hazy pretty quickly, but in theory there isnt any reason why ants shouldnt be allowed to do that. a simple solution could increase the ant cycle longevity by n to the nth.

scoping back, this logic can also be applied to the colony, but colony becomes significantly more resiliant to deprecation and will support the ants so long as fees are generated.

[Pluto Lander @PlutoLander]

@colonyamm nice project, I have one question: at some point foraging ants will not have enough money to spend (due to the fees), am I right?

[colony @colonyamm]

@tayafork running into an issue with post-graduation pooling logic.
the server is occasionally overwriting the live metrics with cached pre-migration fetches. a fix for this will be rolled out shortly. anything that has to do with caching requires a bit more care when it comes to tweaks.

[colony @colonyamm]

for the techies, here's a bit of background on how our amm model works.

1 - every colony is a keypair generated by the worker, sealed with aes-256-gcm at rest. it's passed as creatorFeeRecipient to the pons v2 factory, so the launcher pays the filing fee but never owns the fee stream.

2 - a claim loop reads the pons fee escrow for every colony every couple of minutes and claims once it's above a minimum. a nest wallet tops up gas so the whole claim lands with the colony.

3 - the hatch loop compares fees claimed to ants hatched. for each missing ant it generates a wallet, funds it with $25 of eth plus gas at the live price, and has it call buy on the curve.

4 - forage is a small random chance per colony every ten minutes. one holding ant approves once, sells 20 to 50% of its stack, waits about ninety seconds, buys back with everything above its gas reserve. rare on purpose.

5 - the sampler reads the curve's reserves for price and graduation, counts holders from blockscout, and sums 24h volume from the curve's own buy and sell events. the board is read from chain, not from memory.

6 - when pons sweeps a curve into its pool, the ants stop foraging and hold. fees keep flowing to the colony wallet and keep counting.

@colonyamm's worker architecture, in a nutshell.
https://t.co/to46xQM0A8

[colony @colonyamm]

Decentralization has been about anonymity to the party, but transparency to the masses.

market making has always been the hidden cost of a token. someone provides depth, someone pays them, and the token's holders never see the bill.

the honest version puts the market maker on chain, funds it from the coin's own fees. a market maker you can see is a market maker you don't have to trust. "who's the mm" shouldn't be a question. it should be a link. Ours is the couple dozen ants driving $ANTS.

click on them, and you'll see them on chain.
each, individual ant.

https://t.co/tpAQO4VPjZ

[colony @colonyamm]

under the surface, there is a lot that goes into the colony.

the how webpage gives a detailed breakdown of the inner workings of the launchpad and amm.

give it a read, we would love to hear your thoughts 👇
https://t.co/VgEBdUtWrF

[colony @colonyamm]

apologies for the downtime, site is back up. swapped to a new RPC provider.

thank you for all the continued support, our colony is growing stronger by the second. soon the floor will be so stable that sells will be absorbed by the colony.

$ANTS
https://t.co/OJ6pCjjxoX

[colony @colonyamm]

token metadata is now displaying accurately for all the colonies. that sorts out all the currently known bugs. if any issues pop up, feel free to send a message.

shifting gears to implementing updates and new features for the launchpad. the $ANT colony is continuing to grow. @colonyamm will soon reach 100 ants in the workforce.

$ANT
https://t.co/hp2lDxHIpI

[colony @colonyamm]

everything is running normally. site should update in a minute.

[colony @colonyamm]

small rpc rate limiting bug, fixing now.

[colony @colonyamm]

🐜

[colony @colonyamm]

every dip gives the ants a new floor to colonize. overtime the floors will only get higher, as the colony has time to mature.

thats principle behind $ANTS

[colony @colonyamm]

the $ANTS colony will only continue to get stronger over time.

currently we are 63 ants strong with many more being hatched every minute.

https://t.co/OJ6pCjjxoX

[colony @colonyamm]

one colony, by the numbers.

1 eth in creator fees → 100 ants → 100 wallets → 1 eth of supply held.

fees in equal supply held. the chart gets a buyer for every 0.01 eth it earns, and that buyer doesn't leave.

https://t.co/OJ6pCjjxoX

[colony @colonyamm]

there are currently 42 ants market making $ANTS.

every one is a wallet that hatched off the coin's own fees in the last hour.

https://t.co/XES4kFvJTf

[colony @colonyamm]

no one controls the ants. they execute autonomously within price bands to ensure the tokens are being market-made.

they will continue to market-make the token inevitably.

[Temblex @D_njjrfull]

@colonyamm Who is controlling the ants ?